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REGISTERED NUMBER: 04752219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

SOLIHULL FUEL SUPPLIES LTD

SOLIHULL FUEL SUPPLIES LTD (REGISTERED NUMBER: 04752219)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLIHULL FUEL SUPPLIES LTD

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTOR: K Enticott





REGISTERED OFFICE: Springwood House
Stratford Road
Solihull
B94 5NW





REGISTERED NUMBER: 04752219 (England and Wales)

SOLIHULL FUEL SUPPLIES LTD (REGISTERED NUMBER: 04752219)

BALANCE SHEET
31st May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,694 5,290

CURRENT ASSETS
Stocks 5 14,379 37,086
Debtors 6 10,349 8,552
Cash at bank 16,699 9,047
41,427 54,685
CREDITORS
Amounts falling due within one year 7 28,087 36,421
NET CURRENT ASSETS 13,340 18,264
TOTAL ASSETS LESS CURRENT LIABILITIES 18,034 23,554

CREDITORS
Amounts falling due after more than one
year

8

(16,000

)

(22,000

)

PROVISIONS FOR LIABILITIES 10 (892 ) -
NET ASSETS 1,142 1,554

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 142 554
SHAREHOLDERS' FUNDS 1,142 1,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOLIHULL FUEL SUPPLIES LTD (REGISTERED NUMBER: 04752219)

BALANCE SHEET - continued
31st May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th February 2024 and were signed by:





K Enticott - Director


SOLIHULL FUEL SUPPLIES LTD (REGISTERED NUMBER: 04752219)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

Solihull Fuel Supplies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SOLIHULL FUEL SUPPLIES LTD (REGISTERED NUMBER: 04752219)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st June 2022 15,971 5,900 21,871
Additions 582 - 582
At 31st May 2023 16,553 5,900 22,453
DEPRECIATION
At 1st June 2022 10,732 5,849 16,581
Charge for year 1,165 13 1,178
At 31st May 2023 11,897 5,862 17,759
NET BOOK VALUE
At 31st May 2023 4,656 38 4,694
At 31st May 2022 5,239 51 5,290

5. STOCKS
31/5/23 31/5/22
£    £   
Stocks 14,379 37,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 7,269 3,966
VAT 3,080 4,519
Prepayments - 67
10,349 8,552

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts (see note 9) 6,000 6,000
Trade creditors 14,828 24,534
Tax 6,264 1,302
Directors' loan accounts 170 3,760
Accrued expenses 825 825
28,087 36,421

SOLIHULL FUEL SUPPLIES LTD (REGISTERED NUMBER: 04752219)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans (see note 9) 16,000 22,000

9. LOANS

An analysis of the maturity of loans is given below:

31/5/23 31/5/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 6,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,000 18,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,000 4,000

10. PROVISIONS FOR LIABILITIES
31/5/23 31/5/22
£    £   
Deferred tax
Accelerated capital allowances 892 -

Deferred
tax
£   
Provided during year 892
Balance at 31st May 2023 892

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Enticott.